August 30, 2017

Innovation Norway

Europe
Tested policy
Description of the core change(s) brought by this policy instrument

Innovation Norway is a state-owned company and a national development bank. It was formed in 2004 through the merger of four governmental organizations

Innovation Norway is the government's most important instrument for innovation and development of Norwegian enterprises and industry. It supports companies in developing their competitive advantage and to enhance innovation.

Please list the implementing agencies

Norwegian Government

Lifecycle of target firms for this policy instrument
Existing SMEs
Scale-ups
Start-up firms
Support offered
Direct Financial Support
Non-financial Support
Level of intervention
Entrepreneur-level
Firm-level
Barrier(s) addressed with this policy tool
Access to capital: other
Skills & training: entrepreneurial skills
Support systems: innovation policy
Abstract summary of this Policy resource

Services for start-up companies:

Innovation Norway offers help to Entrepreneurs and promising Start-Ups which have growth ambitions and established an innovative business concept which represent something new and significant in the market.

Expertise and networking
Help companies to build networks with investors and consult various forums where investors are looking for potential investments so that the realization of a company’s idea can be established.
The services focus on:

  • Idea and Business development
  • Build a business model
  • How to protect your idea
  • How to obtain money
  • How to pitch an idea
  • Think international

Mentoring service
This service offers strategic mentors to general managers of start-up enterprises.  The objective of the service is to contribute to increased survival and growth among start-up enterprises.

Start-up grants
Promising start-ups with growth ambitions are eligible to apply for a start-up grant from Innovation Norway. The goal with this financial aid is to stimulate establishment of new enterprises, and the grants need to cover specified activities.

Commercialization
Purpose: further the commercialization to help the company grow rapidly

IPR
Innovation Norway's IPR (Intellectual Property Rights) Advisory Team assists Norwegian companies in navigating the IPR landscape, and give advice on issues concerning copyright, patents and industrial design rights.

Services for companies with capacity for growth and clusters
Four main services are intended to stimulate collaboration and development of business communities:

- Norwegian Innovation Clusters: to trigger and strengthen collaboration in regional business clusters, make the clusters more dynamic and attractive, and make the enterprises more innovative and competitive.

- Business Networks: to support small and medium-sized businesses that enter into commercially strategic collaborations with other enterprises.

- Competence Development in regional business communities: to make relevant expertise more accessible to enterprises in the regions through collaboration with universities and university colleges.

- Regional development: to provide guidance and quality assurance to local authorities in municipalities/regions with development/restructuring status.

  • FRAM. A program offering small and medium-sized enterprises an opportunity to upgrade their business and management skills.
  • Strategic Positioning
  • Design services
  • IPR
  • InnovFin – EU Finance for Innovators

Additionally the program offers International Market Advisory to increase the chance of international success for Norwegian companies

Policy timeline

Innovation Norway was formed in 2004 through the merger of four governmental organizations.

Geographic scope
National-level